Halliburton's 3Q Income Rises 22 Percent

Oct. 22, 2006, 7:03PM
By STEVE QUINN AP Business Writer
© 2006 The Associated Press

DALLAS — Halliburton Co. watched third-quarter net income rise 22 percent, thanks in part to fewer disruptions from hurricanes, which beset the oil industry last year.

The Houston-based oilfield services conglomerate Sunday posted $611 million, or 58 cents per share, in net income for the June-September quarter, including a $4 million charge from discontinued operations.

That compares to $499 million, or 48 cents a share, for the same period last year, including a $7 million boost from discontinued operations.

Third-quarter revenue rose 19 percent to $5.8 billion.

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